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Unfortunately, many of us have so much credit debt that we can't make payments on our credit cards. If you fall into this category, it is important to understand what you can do to avoid late charges, increased interest rates and having your credit score lowered. Luckily, credit counseling can increase your ability to make future payments.

Not being able to make your monthly credit card payments is a common occurrence. Luckily, there are solutions that can help. Many circumstances can arise that can cause an unexpected large expense or temporary loss of income. If this happens to you, the worst thing to do is ignore the issue. The issue must be addressed as soon as you realize that you can't make your payments. Failing to address the issue right away can cause the following problems:

• Increased interest rates on future credit cards.
• Late fees.
• Having your credit score lowered by getting a late payment reported to the credit bureaus.
• Decreases your future ability to make payments on time.

In order to avoid this predicament, follow these tips:

Call the customer service numbers for all of your credit cards. Briefly explain your current situation and make them aware that it is not likely to happen again and tell them when you expect to be able to pay. If you have not done this in the past, it is very likely that they will give you an extension.

If you feel comfortable enough, you can always ask friends or family for the money. Like with the credit card company, explain to them your situation and that you don't expect this to happen again and give them a date when you expect to have the money to pay them back.

Try to get a cash advance on your paycheck from your current employer. A lot of the time, employers will work with their employees to help them out.

If you have many bills that you cannot pay, see if there is one that can wait. Missing credit card payments usually have the worst penalties and can create the most problems in the future.

Obtain a payday loan. This is only a good option if you cannot get an extension on your credit card payment. This will normally cost you about $75. However, it can benefit you because you won't have to pay late fees on your credit cards and you won't increase your credit debt.

It is important to remain in good standing with your creditors because this will save you thousands in the long run by maintaining a better credit score, keeping your interest rate down, and eliminating late fees. Don't delay on taking action; address the issues as soon as they arise.

If this seems to be a constant problem, credit counseling could be a good option for you. With credit management you can get help planning a budget or help negotiating with current creditors about lowering rates or waiving late fees. It is important to take the necessary steps as soon as you realize there is a problem because this will save you thousands in the long run.